- The Feds have demanded divestiture of certain FirstMerit (NASDAQ:FMER) branches in order to greenlight the bank's sale to Huntington Bancshares (HBAN).
- Today, FirstMerit announces the sale of 13 branches in Stark and Ashtabula counties with about $735M in total deposits to First Commonwealth Bank (FCF).
- Approval of the merger is expected this quarter.